secwatch.observer — SEC 8-K summary
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Issuer:     SPRUCE POWER HOLDING CORP (SPRU)
CIK:        0001772720
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001213900-22-070592
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XL Fleet posts Q3 revenue of $8.4M; completes Spruce Power acquisition; to rename to Spruce Power
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- Total revenue $8.4M in Q3 2022 vs $3.2M in Q3 2021, including $5.1M partial-quarter from Spruce Power.
- Net loss $19.6M in Q3 2022 vs $7.5M in Q3 2021; adjusted net loss $4.2M vs $14.7M in Q3 2021.
- Completed acquisition of Spruce Power on Sept 9, 2022; exit cash $239.5M unrestricted.
- Over 51,000 customers; PV5 gross customer value $821M; exercised options to buy out six portfolios for $7.7M.
- Name change to Spruce Power Holding Corporation, ticker to SPRU, effective Nov 14, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1772720/000121390022070592/0001213900-22-070592-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1772720/000121390022070592/ea168343-8k_xlfleet.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-070592

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